Trident Invests in Leading School Meal Provider, The LunchMaster, in Partnership with SagePath; Appoints David De Souza as CEO
NEW YORK, December 02, 2025–(BUSINESS WIRE)–Trident, a private equity firm specializing in U.S.-based small businesses, today announced a strategic growth investment in The LunchMaster in partnership with SagePath Capital. Concurrently, David De Souza has been named Chief Executive Officer to lead the company’s next phase of expansion.
Founded in 1994 and based in Hayward, California, The LunchMaster is a prominent contract foodservice provider, serving more than 140 K-12 schools and delivering approximately 40,000 scratch-cooked, better-for-you meals daily, including vegan and gluten-free options. The company has established a strong reputation working with school districts to enhance quality, operational excellence, and outcomes in the communities it serves.
Mr. De Souza has deep experience working in food service and with founder-led businesses. He served most recently as the President of Monterey Bay Herb Co, and prior to that held various leadership positions at Kashi Foods, Basic American Foods, and Revolution Foods. De Souza’s expertise will be invaluable in unlocking The LunchMaster’s next chapter of growth, while preserving the strong school relationships, providing sustainable access to healthy foods, and high-touch customer service the business is known for.
“I am excited to join The LunchMaster team and partner with Trident and SagePath to build upon the incredible foundation created by the Giouzelis family,” said David De Souza. “The LunchMaster has a remarkable legacy as dedicated partner to schools and local communities. We look forward to accelerating growth while continuing to make a positive impact through nutritious meals.”
“This partnership marks a milestone for The LunchMaster,” said Mike Giouzelis. “With the support of Trident and SagePath, we can scale our operations while maintaining the core values that have driven our success for over thirty years.”
Mike Giouzelis has been promoted to Chief Operating Officer to continue overseeing Operations and Customer Service, ensuring continuity in the company’s high standards in the school meal space.
“Trident is proud to support The LunchMaster and its talented leadership team,” said Alexis Rathborne, Managing Director at Trident. “David’s leadership will drive strategic growth and strengthen the company’s mission to serve school communities statewide. This investment underscores Trident’s expertise in identifying high-potential, founder-led businesses and creating long-term value.”
Trident and SagePath aim to further enhance The LunchMaster’s local market position, deepen partnerships with the schools and communities it serves, and expand its footprint to ensure more students receive nutritious and satisfying meals throughout the school day.
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